Statement of Financial Activities
(including Income and Expenditure account) for the year ended 31 December 2021
| Unrestricted | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 3 | 5,810 | - | 5,810 | 24,445 |
| Charitable activities: | 4 | ||||
| YouthBank Network | 20,075 | 52,109 | 72,184 | 92,772 | |
| Total income | 25,885 | 52,109 | 77,994 | 117,217 | |
| Expenditure on: | |||||
| Charitable activities: | 5 | ||||
| YouthBank Network | 31,351 | 62,773 | 94,124 | 87,275 | |
| Total expenditure | 31,351 | 62,773 | 94,124 | 87,275 | |
| Net income/(expenditure) before | |||||
| net gains/(losses) on | (5,466) | (10,664) | (16,130) | 29,942 | |
| investments | |||||
| Net income/(expenditure) for the | |||||
| year | 7 | (5,466) | (10,664) | (16,130) | 29,942 |
| Transfer between funds | - | - | - | - | |
| Net movement in funds for the year | (5,466) | (10,664) | (16,130) | 29,942 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 57,846 | 21,919 | 79,765 | 49,823 | |
| Total funds carried forward | 52,380 | 11,255 | 63,635 | 79,765 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Company number NI625358
Balance sheet as at 31 December 2021
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Current assets | |||||
| Debtors | 11 | 1,360 | 1,305 | ||
| Cash at bank and in hand | 12 | 64,695 | 79,727 | ||
| Total current assets | 66,055 | 81,032 | |||
| Liabilities | |||||
| Creditors: amounts falling | |||||
| due in less than one year | 13 | (2,420) | (1,267) | ||
| Net current assets | 63,635 | 79,765 | |||
| Total assets less current liabilities | 63,635 | 79,765 | |||
| Net assets | 63,635 | 79,765 | |||
| The funds of the charity: | |||||
| Restricted income funds | 14 | 11,255 | 21,919 | ||
| Unrestricted income funds | 15 | 52,380 | 57,846 | ||
| Total charity funds | 63,635 | 79,765 |
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 25 to 36 form part of these accounts.
Approved by the trustees on 28/04/2022 and signed on their behalf by:
Norman Leet (Chair)
Statement of Cash Flows
for the year ending 31 December 2021
| Note | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| Cash provided by/(used in) operating activities | 17 | (15,032) | 29,454 |
| Increase/(decrease) in cash and cash | |||
| equivalents in the year | (15,032) | 29,454 | |
| Cash and cash equivalents at the beginning of the year | 79,727 | 50,273 | |
| Cash and cash equivalents at the end of the year | 64,695 | 79,727 |
Notes to the accounts for the year ended 31 December 2021
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
YouthBank International Network meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
b Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
The trustees have made no key judgments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
c Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
d Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
e Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
f Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
g Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h Tangible fixed assets
Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives. There are currently no fixed assets.
i Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
j Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
k Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
l Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2 Legal status of the charity
The charity is a company limited by guarantee registered in Northern Ireland and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 2.
3 Income from donations and legacies
| Current reporting period | Unrestricted | Restricted | Total 2021 |
|---|---|---|---|
| £ | £ | £ | |
| Cripplegate Foundation | 2,500 | - | 2,500 |
| Donations From Patron | 3,110 | 3,110 | |
| Fundraising Income | 200 | - | 200 |
| Total | 5,810 | - | 5,810 |
| Previous reporting period | Unrestricted | Restricted | Total 2020 |
| £ | £ | £ | |
| Cripplegate Foundation | 4,000 | - | 4,000 |
| Donations From Patron | 20,125 | 20,125 | |
| Fundraising Income | 320 | - | 320 |
| Total | 24,445 | - | 24,445 |
4 Income from charitable activities
| Current reporting period | Unrestricted | Restricted | Total 2021 |
|---|---|---|---|
| £ | £ | £ | |
| Europe Foundation | 18,850 | 18,850 | |
| Private Donor | - | 45,022 | 45,022 |
| British Council | 945 | 7,087 | 8,032 |
| Other | 280 | - | 280 |
| Total | 20,075 | 52,109 | 72,184 |
| Previous reporting period | Unrestricted | Restricted | Total 2020 |
| £ | £ | £ | |
| Europe Foundation | 24,475 | 24,475 | |
| Create International | 2,540 | - | 2,540 |
| Private Donor | - | 65,757 | 65,757 |
| Total | 27,015 | 65,757 | 92,772 |
5 Analysis of expenditure on charitable activities
| Current reporting period | Total 2021 | Total 2020 | ||
|---|---|---|---|---|
| £ | £ | |||
| Training & Workshops | 1,687 | 26 | ||
| Marketing & Promotion | 153 | 314 | ||
| Production & Staffing | 84,500 | 80,800 | ||
| Travel, Accommodation & Subsistence | 3,423 | 2,184 | ||
| Insurance & Rent | 1,623 | 448 | ||
| Bank Charges | 182 | 247 | ||
| Office & Miscellaneous | 183 | 316 | ||
| IT Software & Consumables | 1,173 | 1,740 | ||
| Governance Costs (see note 6) | 1,200 | 1,200 | ||
| 94,124 | 87,275 | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Restricted expenditure | 62,773 | 41,531 | ||
| Unrestricted expenditure | 31,351 | 45,744 | ||
| 94,124 | 87,275 | |||
| 6 | Analysis of governance | |||
| Basis of | Total 2021 | Total 2020 | ||
| apportionment | £ | £ | ||
| Accountancy and Independent | ||||
| Examination | Governance | 1,200 | 1,200 | |
| 1,200 | 1,200 |
7 Net income/(expenditure) for the year
| This is stated after charging/(crediting): | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Independent examiner's fee | ||
| Accountancy fees | 800 | 800 |
| Independent examination | 200 | 200 |
8 Staff costs
No employees has employee benefits in excess of £60,000 (2020: Nil).
The average number of staff employed during the period was 0 (2020: 0).
The key management personnel of the charity comprise the trustees and the Chief officer. The total employee benefits of the key management personnel of the charity were £nil (2020: £nil).
9 Trustee remuneration and expenses, and related party transactions
No trustees received any remuneration or reimbursed expenses for their role as a trustee during the year (2020: Nil).
Aggregate donations from related parties were £3,110 (2020: £20,125).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
Vernon Ringland (Chief officer) received fees of £21,500 during the year (2020: £24,750).
10 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 2021
11 Debtors
| 11 | Debtors | ||
|---|---|---|---|
| 2020 | |||
| £ | |||
| £ | |||
| Prepayments and accrued income | 1,360 | 1,305 | |
| 1,360 | 1,305 | ||
| 2021 | |||
| 2020 | |||
| 12 | Cash at bank and in hand | £ | £ |
| Cash at bank and on hand | 64,695 | 79,727 | |
| 64,695 | 79,727 | ||
| 13 | Creditors: amounts falling due within | 2021 | 2020 |
| one year | £ | £ | |
| Other creditors and accruals | 2,420 | 1,267 | |
| 2,420 | 1,267 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | 31 | |||||
| 1 January | December | ||||||
| 2021 | Income | Expenditure | Transfers | 2021 | |||
| £ | £ | £ | £ | £ | |||
| 14 | Analysis of movements in restricted | ||||||
| funds Current reporting | |||||||
| period | |||||||
| British Council | - | 7,087 | (7,087) | - | |||
| Private Donor | 21,919 | 45,022 | (55,686) | - | 11,255 | ||
| Total | 21,919 | 52,109 | (62,773) | - | 11,255 | ||
| Previous reporting | Balance at | ||||||
| period | Balance at | 31 | |||||
| 1 January | Expenditur | December | |||||
| 2020 | Income | e | Transfers | 2020 | |||
| £ | £ | £ | £ | £ | |||
| British Council | 371 | - | (371) | - | - | ||
| CFNI | |||||||
| Telecommunity | |||||||
| Fund | 337 | - | - | (337) | - | ||
| Private Donor | 34,769 | 65,757 | (78,607) | - | 21,919 | ||
| Europe Foundation | 6,391 | - | (6,391) | - | - | ||
| Total | 41,868 | 65,757 | (85,369) | (337) | 21,919 |
Name of
restricted fund
Description, nature and purposes of the fund
British Council Private Donor Funding from the British Council for the Sheba Bokamoso project we ran in South Africa. An anonymous donor who is funding YBI’s New Seeds New Trees work over a three year period CFNI Telecommunity Fund beginning in April 2019. The programme Europe Foundation supports YBI to refresh its training and support offer and seeks to extend the YouthBank Network in five areas.
A programme from 2017 that supported a project in Northern Ireland YouthBank.
Europe foundation coordinates a YouthBank Network in Georgia. They
contract with YBI from time to time to deliver
training, convene events and develop training materials.
15 Analysis of movement in unrestricted funds
| Current reporting | Balance | ||||
|---|---|---|---|---|---|
| period | at 1 | As at 31 | |||
| January | December | ||||
| 2021 | Income | Expenditure | Transfers | 2021 | |
| £ | £ | £ | £ | £ | |
| General fund | 57,846 | 25,885 | (31,351) | - | 52,380 |
| 57,846 | 25,885 | (31,351) | - | 52,380 | |
| Previous reporting | Balance | ||||
| period | at 1 | As at 31 | |||
| January | Expenditur | December | |||
| 2020 | Income | e | Transfers | 2020 | |
| £ | £ | £ | £ | £ | |
| General fund | 7,955 | 51,460 | (1,906) | 337 | 57,846 |
| 7,955 | 51,460 | (1,906) | 337 | 57,846 |
Description, nature and purposes of the fund
Name of unrestricted fund
General fund The free reserves after allowing for all designated funds
16 Analysis of net assets between funds
| Current reporting period | General | Designated | Restricted | |
|---|---|---|---|---|
| fund | funds | funds | Total | |
| £ | £ | £ | £ | |
| Net current assets/(liabilities) | 52,380 | - | 11,255 | 63,635 |
| Total | 52,380 | - | 11,255 | 63,635 |
| Previous reporting period | General | Designated | Restricted | |
| fund | funds | funds | Total | |
| £ | £ | £ | £ | |
| Net current assets/(liabilities) | 57,846 | - | 21,919 | 79,765 |
| Total | 57,846 | - | 21,919 | 79,765 |
17 Reconciliation of net movement in funds to net cash flow from operating activities
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Net income/(expenditure) for the year | (16,130) | 29,942 |
| Adjustments for: | ||
| Decrease/(increase) in debtors | (55) | (1,305) |
| Increase/(decrease) in creditors | 1,153 | 817 |
| Net cash provided by/(used in) operating | (15,032) | 29,454 |